 Okay, welcome traders to this week's Live Lannister session with me, Patrick Munley. Just before I get going here, can I just do a quick test of the audio and visual if you can hear me and you can see my screen if you could type of why in the chat box. And I'll know that we are good to go. Okay. So, before we get started with the charts today, a quick reminder of the disclaimer has always the most important aspects of this disclaimer is that any of the views expressed here by me today are solely mine. They are not indicative or representative of those held by Tick Mill UK or Tick Mill Europe Limited. So, my introduction to myself for those who are here for the first time, after I graduated from university I joined a city PLC consulting firm and after a couple of years, learning ropes I left with some colleagues and went on to co found and successfully exit a starting startup post-emerger in late 2004. I then moved on to explore my passion for markets with some capital to play with and some time in my hands. I started day trading or more appropriately day gambling, the SMP, and after some early beginners luck, racked up some pretty solid gains. However, as is often the case that beginners luck ran out. And I began to average down into what were ultimately to prove, prove significant losing positions I ultimately experienced a six figure hit my personal capital. So that was a gut wrenching and sobering experience is an understatement. I really had to stand back and figure out if it's feasible for me to make a living from the market so decided to get serious about trading and sort out a mentor with an excellent trading track record. Working with my mentor for a period of 18 months to two years. It was a time during which I up to not just my technical game in terms of researching and developing a strategy that suited my personality, extensively back and forward testing and developing a rigorous risk management approach to the market in the strategy. But most importantly, during the period of mentorship, I significantly developed my mental game and probably the most important watershed shift I made was moving from being a highly goal orientated individual who's focused on financial to becoming purely process orientated. So what does that actually mean? Well, it means I had to stop focusing on what I could make from the markets and start focusing solely on managing my mindset to allow me to consistently execute my trading strategy. Oftentimes in the face of negative feedback from the markets in the form of losing trades. But once you become process orientated and have that professional trading mindset, you understand the true nature of trading, simply being a numbers game in which you are playing the probabilities. You lose the emotional investment and that hellish emotional rollercoaster of living and dying by the outcome of individual trades. So I'm not concerned with the outcome of individual trades or even a string of trades. My focus is on the next 100 trades. Because I know if I focus on excellence in execution, then my edge will demonstrate itself over an extended series of outcomes. My multi strategy approaches deliver profitable returns since 2013. Sorry, since 2008, but since 2013, I've also been managing investor capital through a managed account service, the performance data you can see on the screen there. I'm currently responsible for managing a multi million dollar portfolio since 2010. I've also personally mentored over 100 private traders of all experience levels from complete novices to former CME floor traders in developing the technical and mental skills to reap consistent returns from the markets. I've consulted to numerous brokers and training education brands contributing written content, webinars, live presentations on a range of topics for market analysis to trade instruction development and execution. In addition to my fund management and private mentoring, I'm also the resident market expert Tick Mill providing daily market analysis through a no-to-issue each day, doing a daily market outlook and the technical setups. And I also provide intraday chart analysis as well via their social media feeds on YouTube and Twitter. You can actually sign up to get my daily market outlook delivered to your inbox through the Tick Mill blog site. My other, I guess, passion project is as head of trading and trader education for a leading education brand called FXCruiseWAP.com. At FXCruiseWAP, we offer development and funding to retail trading talents. We don't just develop retail traders market and trading strategy knowledge, we work on mindset development through a structured program that culminates in managing the firm's capital at zero personal financial risk on a profit share basis. And for those that are interested, you can see here the number for the trading desk in London. There's also an email address there. If you want to drop the guys an email or a call, I'm sure they'll come back to you in a timely fashion with more information about what it is we're doing at FXCruiseWAP. So that gives you a flavor of where it is I'm coming from. Now let's jump into the charts. And what I would say is that I'm going to cover a bunch of charts that I'm currently watching or they're on my radar with respect to potential opportunities. If you have any questions as we go through, you just want to note those down and at the end I'll open up a brief Q&A session and I'll cover off any questions that you guys might have or if you want me to take a look at a chart that I haven't covered in the analysis, I'm happy to do that as well. So let's start with these equity markets, the major indices, the S&P 500, the global benchmark really, and what we're seeing is a bit of weakness come through here now. Let's just share a note on the trading floor with the guys at FXCruiseWAP. Bank of America, sorry not Bank of America and Lynch but who they were. Bank of America produced a research note suggesting that these last 10 days of March often, we often see some weakness in the equity markets. And that looks like what's starting to feed through here. And I think we're going to produce now a three-way corrective pattern whilst we hold the highs here at 39.60. I'm now looking for a test of this ascending trend line support here, back down into the monthly pivot at 38.10. What I'll be watching for there is bullish reversal patterns on the daily or the four hour timeframe set long positions. Certainly looking for a retest of the prior highs here at just below 4000, but ultimately I'm looking for a move up now to test the top side of this ascending trend line resistance at 40.80. Now, if we don't put it, if we don't find support here at the 38.10 area, then I'd anticipate we're going to roll back down here and test into the 37.30 area. So either way, there'll be opportunities there either on the break of this trend line support, or if we hold it, we put in a bullish reversal pattern, then like I say, I'd be looking on the long side here with the S&P. Let's take a look at the DAX. The DAX continues to trade really with a bullish tone here. We're seeing a bit of a pullback but nothing significant. What I'd be looking for now is any move back into these prior highs here at the 14,150 level, let's say, what's the bullish reversal patterns there to set long positions. I think we can then see a move up certainly into this 15,544 trend line resistance, but ultimately I'll be looking for this big ABC pattern or equality objective to complete at the 16,815 level before we see any major corrective action in the DAX. The Nikkei 225, what have we got? Well, we've got this, we've got an ABC pattern that hasn't quite completed. It will complete here at 28,078 is the equality objective versus the swing high here at 30,515. If we can get a bullish reversal pattern from that zone, or even just below there at the ascending trend line support, that would be the third test of the trend line support. We've also got the weekly S3 and monthly projected range support at 27,400, let's say. So bullish reversal patterns in this zone I think are an opportunity to do something on the long side in terms of the Nikkei 225. I think making a target certainly up through, up into the ascending trend line resistance now at 32,480. So those are the areas I'm watching on the Nikkei. The dollar, this is the broad-based dollar index, weighted again, sorry, as a basket against six other currency pairs, and whilst we, whilst we trade above this prior high at the 92,48 level, I'd be looking for a test of ascending trend line resistance now 93,19 is the level to watch there. Above there we have the yearly pivots coming in at 94,15. So if we get bearish reversal patterns on this next test of the ascending trend line resistance, I think there's an opportunity on the short side in terms of the dollar. However, if we break through here and we don't take a pause, then I'm looking for a test of the yearly pivot and from there I certainly anticipate at least some profit taking to develop in the dollar index. And I anticipate we'll try that we put in some type of potentially inverse-hand shoulders type pattern here in the dollar. But for now my focus is on this trend line resistance and I'll be watching for bearish reversal patterns there to set short positions in the dollar index. And obviously then that feeds into the FX majors we're going to walk through those at the moment. 10-year yields, pulling back. Let's look now for a test of the ascending trend line support 150 level 1.5% sorry. This is the 10-year yield chart. Obviously the bonds trade inversely in terms of price. So I think we can see a correction here and we'll see how we trade when we get into this 150 zone for the potential next leg higher to trade up towards 2% in terms of the 10-year yields. I'd like to see gold break through 17-19 for a move down to test this major equality objective at 16-53. And then from there I'd certainly be watching to see how we trade their bullish reversal patterns and I'd be looking to set long positions in gold. So this will complete a big corrective pattern in gold and we'll provide an opportunity I think for at least a 50% retracement of this last leg down here. Let's just get some idea in terms of targets. I'll take us back up into the 1800 level and I'd sort of be at a minimum if we get the pattern to develop here I'd be looking long for a three-wave correction into that 1800 target is what I'm watching there in gold. Silver, a bit more of a range environment for silver. We obviously have this 30 handle to the upside. I'll be looking for another test now of support back down below the 22 level. And if we can, well we've got the yearly pivot coming in here, 2260. So I'd definitely be interested to see how we trade down into this zone here, what's with bullish reversal patterns as an opportunity on the long side. Crude, we've seen a bit of a pullback and then we saw the big snapback yesterday. Snapback yesterday was driven by the idea that the Suez Canal is going to be closed. We're seeing a bit of a chop trade here at the moment. What I'm looking for now in terms of crude would be a test of the 56 level that's the weekly range support, the monthly range support, and it's also the monthly volume weighted average price. 5577 is the area I'd be watching there. If we get down to that area, bullish reversal patterns would be an opportunity on the long side. But equally what you've got to factor is if we don't make it through there and we hold this 5730 support, we need to see a break back through yesterday's highs as a bullish confirmation that we could have the potential then for the way for low to actually be in place. And then I'm looking for a move up into the 71 level the ascending trend line resistance here to complete the pattern. So, and if we do get followed through through yesterday's highs, then that would be an opportunity on the long side. But if we can't get through yesterday's highs then watch for this 5577 test. I'm going nowhere fast really. Since we completed that ABC corrective move looks like we're going to come back down maybe retest it here the 390 level. That should have been the, that should be the way for low in place is what I'll, what I'll be looking for but if, if we are to extend if the correction is going to form a double now. Let me draw in where I think we could go to then. So that's what I'm looking for is this is the minimum is the quality objectives so if this is going to be our a low here. This is our be high, and we can actually see now that copper is the potential to trade down, maybe grind it out of it here in this type of pattern so we get down back into these lows correct, and then get that final leg into this 367 level, and then we should have a decent shot at having a way for low in place and then we can expect this thing to kick up through the prior rise on route to a way five objective, likely up here into the $4 70 level. So, watching 367 there in terms of copper if we take out these prior lows and watch a bullish reversal patterns to do something alongside this copper that copper price action you'll see fits with some of these commodity Bitcoin, also under a bit of pressure now with the dollar strengthening what I'm watching for I have one cash position that I've been running in Bitcoin since last October from the 10,950 level to where if I was going to add to that what I want to see now is a test of support here back towards 44,187, this third test of the trend line, and if we can get a bullish reversal pattern from that area, then I'd be looking on the long side and ultimately looking to target a move up into the 73,000 level as the next leg to the upside. So that's the zone I'm paying attention to in terms of Bitcoin, I don't actively trade Bitcoin and such it's like I say it's a cash position I'm just sitting on it. Dolly Yen looking for this, looking for a way five to complete here through these prior highs at the 10980 level into this sending trend line resistance monthly R3 so any move up into 110 here I'd be watching for bearish reversal patterns especially if we get this momentum dive momentum divergence in play down here. And I think then we could see a more sustained correction in terms of the dollar yen. So that's the key area to be watching this late 109 110 and watch those bearish reversal patterns to do something on the short side. Suisse similar type of setup really. If we just extend that higher, what we what I'd look for in the Suisse now is move up into this 1094 3094 50 area and watch for that watch for price to fade there as we complete an interim way five and then we should see at least a pullback to this 90 to 50 again as support would be the the initial target zone if we can get some bearish reversal pattern up there. I did actually have a long trade running in the Suisse but got stopped out yesterday for break even the dollar CAD. I think once again the dollar CAD appears at the moment anyway to be struggling with this descending trend line struggling to really get closes above it. We had a few attempts previous weeks but we failed. And yesterday we tried again rolled over seeing a bit of support at the moment but ultimately I'm looking for another leg lower in the dollar CAD the price the ultimate target for the big expected pattern on the weekly charts is one 2040 and then I think from there we can see a more sustained correction in the dollar CAD. Euro is the one position I'm currently running at the moment I'm short the euro from one 1830. We've had a quick look down there at weekly range supports and we're holding at the moment that's one 1785. There's a correction here, a bit of a pullback into to test this one 19 as resistance, but ultimately now what I'm looking for with the euro certainly as we trade below 120 is that we ultimately now test the yearly pivot at one 1720. From there I think we could, we can will have washed out enough of the, enough of the positioning in the euro market which very crowded on the long side to to ultimately see prices then potentially trade higher. We've also posted this earlier as a chart will just update this chart now we've also got this big, this major trend line support as well coming in. So that's right at that, at that yearly pivot there, or just below the yearly pivot so that's certainly a going to be an area of interest for me as we get this as we potentially test into this and watch for those which will bullish reversal patterns there and I think that's going to be a decent opportunity on the long side. Equally, if we get back up here into this one 19, what's on the four hour the interest charts. If this we correct here in a three wave pattern into one 19. I think there's an opportunity to reshor the euro to play for this, this test down into the one 17 zone. Like I said that's the only position I've got running at the moment and it's risk free. The euro yen has has pulled back. What I'd ideally like to see here with the euro yen is, is for us to test into this trend line support here. And then I think we can set base for the next leg higher in terms of the euro yen. And ultimately I'm looking for a move up into 132 here. So whilst we trade below the 5p review up here coming in at 2012906 things should grind down and get it ultimately get a test of 12750. And that's going to think provide an interesting opportunity on the long side to trade for the next leg higher in terms of the euro yen. So I'm looking for Swiss. I had an order. I've still got the order on I think, but was holding this descending trend line resistance what I was looking for was this to have completed an ABC pattern here, and for us to have a C low in place and trade through my, my order is one 1085 so I'm looking for a move through this descending trend line resistance which will pull me in at one 1085. And then I'm looking for a test up into the, the ascending trend line resistance coming in around 111 85 in terms of the euro Swiss, but like I say hasn't been triggered yet and it looks like we're going to do a bit more back and filling here. And then I'm tracking in terms of the euro Swiss euro sterling. This one just cannot cannot find his feet. And whilst we hold 8729 as resistance and I think we potentially got a way for high in place then we should see a way five completes into 8445 potentially going to roll over here today if we get a bearish close this opportunity on the close this evening for me and my strategy, how I enter the trades to target this way for low let me just draw in the patterns and you can track and so forth is I'm looking at. So, one, I call this 234 and then the fifth wave is an equality objective. So, we'll see how this closes this evening but think we can get a grind down into this 8445 before lacking then for a corrective move equal to this leg here. This is the type of pattern I would envisage and then and then another leg to the downside to follow is what I'd be looking for there in terms of euro sterling. This one was frustrating I had a couple of goes at this on the short side from setups in this area. We eventually tested in putting a double bottom an hour back into a potential double top here still trading below the way for high here and whilst we do 14994 is the downside objective here to complete this cycle. Let's see if we get some bearish reversal patterns here, take out the five period BWAP on a closing basis and I once again look at short positions in the euro Aussie targeting that way if I'm low is, is the game plan with the euro was a sterling Aussie breaking out here out of the triangle and and setting up or so the trend line resistance, setting up a test of 183. If we get a bullish inside close here there's could be an opportunity on the long side through certainly get a move up then I've really anticipated test weekly range resistance, 8122 maybe pull back from there and we test the trend line from above and that would be the premium resistance, we've also got this trend line support here so if we've got to move back in that basically tests, test the apex here of the triangle and this could be a great opportunity on the long side to trade up for this equality objective versus this swing low here. Sterling took out the trend line. I was watching the for potential support to develop there we didn't really get it. But we could snap back here, we'd need to close back through the VWAP to get constructive and then that could complete a three wave pattern and and set the base for the next leg higher in terms of sterling. But my sense is now, because we have versus this 140 04 swing high here, we have an equality objective 135 40 so I think we'll, we should potentially grind out here to test this 135 40 and then have an ABC complete here. Just draw that in for you so a B and I'll see though here, and then we can think about the next leg of upside in terms of sterling sterling yen is sitting right at trend line support and and this could give me a signal this evening on on the long side here in terms of the sterling sterling yen at the trend line support bullish outside reversal needs to clip or close right at 149 94 and then I've been looking to play this on the long side. This is this symmetry swing support trend line support and potentially going to get a bullish reversal here, and we're positively oriented in terms of the monthly volume waste average price which I use to define the overall current trend in the market and so I can get a confirmation that on the shorter term, and body waste average price, then I'll be looking on the long side and looking for us to exceed the price of 152 56 and potentially head up into the top side of the trend channel. Sterling Swiss is a similar type of pattern here we didn't quite got into the trend line support so I've been looking for the sterling Swiss to make a test of the trend line support and then set and then have that way for low in place, and then we can trade for the way five extension higher in terms of sterling Swiss a bit more room to go so I'm level I'm at 127 20 is where I'd like to see us test in terms of sterling Swiss sterling Kiwi. Watch now for this can be a big test sterling Kiwi. We just pierced through those prior highs, and I think that's going to be a profit taking zone for this sterling Kiwi, and what I'd be watching for bearish reversal pattern set short positions there, a couple of targets that I'd be be tracking would be one this trend trend channel that we've been trading so looking for that trend line support test coming in around 92, 192 level, and then from there we could have a major inverse head and shoulders pattern developing and and we could put in a quite significant base potentially in in sterling Kiwi over the coming weeks maybe months. Aussie. So again, well, similar story really to the corrective patterns that I just identified in terms of copper. So I'm was we hold 7848 as a high here. So I'm looking for the Aussie to test the quality objectives 74 58, and then I'll be watching for bullish reversal patterns, as we'd have a potential way for no in place and I'd like to then look to position myself to trade for the way five extension to trade back through the 80 level in terms of Aussie Aussie yen. This was one I had last week on the short side I took just under 100 pips out of this Aussie yen. What I'm looking for now is just try and find a base here and get a another leg higher before to complete what would give us a nice divergence pattern triple divergence there. If it sets up I think that's going to be an opportunity on the short side. So I'm looking for a close through 8344 area would give a trigger on the long side to trade up for that 86 target Kiwi. I'm looking now for 6902, which is the projective versus 72 70 watch for bullish reversal patterns in this area to set long positions because again, what I anticipate is that that would be a way for low in place and we can trade for a way five extension up through those lower highs at 7460 Kiwi yen. Looking for a little bit lower here in terms of the Kiwi yen. Get a test here monthly range for 7490s and the third test of the trend line that should attract, so at least profit taking, if not fresh demand in the market. So what I'd be looking for would be a low in place and ultimately a retest then at 7913 and potentially take that out as we move for potential way five extension to the upside. Cad yen similar story here looking for a test of the trend line before doing anything on the long side we haven't quite got that yet but keep an eye on 85 70 weekly range for 8550. At least Cad Swiss, looking for this to extend into 7520. I'm watching for bearish reversal patterns with divergence to set short positions targeting a trend line test at 73 level. So that's, those are the charts. I'm looking at the whistle stop tour today but I see ample ample opportunity in and around current levels. And we will see if we can get some price action confirmations and get some positions on the books. Any questions equally if you don't have a question. If you type in any of the chat box so I know that that we're all on the same page and I've managed to make a decent job of explaining charts and the views. Okay, good stuff. As there are any questions, I'll wrap this one up here and we will reconvene at the same time next week. Thanks very much everyone have great weekend.